Solve: Principal: $6,500 Interest rate: 8% Time (In time using exact interest) ? Simple Interest; $1, 486.03
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Solve:
Principal: $6,500
Interest rate: 8%
Time (In time using exact interest) ?
Simple Interest; $1, 486.03
Step by step
Solved in 2 steps
- Find the principal Rate: 7 and 1/2 Time: 150 days Interest:$500 The principal is ?Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest 12 1- years $1,080 Need Help? Read ItSolve the principal: Interest rate: 5.75%, Time: 3 1/4 years, simple interest $240
- 1.Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 7 3 4 6 months $Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) $ +A 8 Time Interest 14/1/2 years $1,080Find the principal and the interest amount. Present Value Interest Amount Future Value Interest (Principal) (Maturity Value) Time Rate $2676.15 4.9% 103 days The principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The interest amount is $ 1 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) un
- 10) Compute the simple interest and final amount of each loan Principal Rate Time P 400 7% 1 year P 640 9% 3 months P 985 10% 180 days (ordinary time period) 60 days (exact time period) P 850 6% ABCD Interest ? ? ? ? Final amount ? ? ? ?Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Rate (%) Principal $54,000 Enter a number. X % Time 60 days Interest $873Find the amount (in $) of interest on the loan. Principal $90,000 Rate (%) Need Help? Submit Answer 53³3 Read It Time 9 months S Interest
- You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan amount Interest Rate $632,000 15.5% Life 49 years Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers.Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $ 787.5 6 months $1,575 91. Based on the information, determine the value of each "? " in the following table Loan principal = &10,000 Interest rate 6% / yr Duration of loan = 3 yrs 66 66 %3D EOY Interest Paid Principal Payment 1 $600 ? 2 $411.54 $3,329.46 3 ? ?